Corn
The increase in corn for feed demand was very large, and while the Ministry of Agriculture attributes that to higher feed demand, there was also an increasing gap between what the USDA was estimating for corn feed compared to the Ministry of Agriculture.
From 2016/17 to 2023/24, the USDA has increased corn feed demand by 26% while the Ministry of Agriculture had only increased it by 14%. While hog output was higher in 2025, the overcapacity in the hog sector isn’t a recent issue. It seems l...